Contact:
Tradeware Global
Phone: 212.612.3525
Email: akezerashvili@tradeware.com
Terrence Mulry
Mulry Consulting LLC
Phone: 917.860.9137
Email: tmulry@att.net
Tradeware Global Enhances MARKETCENTER(TM) Offering
(New York: March 14, 2006) - Tradeware Global Corp., the leading broker-neutral solution provider for electronic access to 58 equity markets worldwide, today announced enhancements to its MarketCenter offering.
MarketCenter is a fully NASD and SEC compliant FIX-based front-end order management system that electronically captures, manages and routes equity order flow. It is a sophisticated rules-based application that automates all or part of the trading process and delivers solutions for customer allocations and commission tracking.
Using MarketCenter broker-dealers have the ability to intelligently handle incoming electronic and manual order flow from buy side customers. It allows traders to interact with the market directly or to forward orders to other internal proprietary systems or vendor based execution applications.
The new MarketCenter version incorporates real-time market data and a global security master into the application to support an extended range of regulatory and global trading requirements.
The ability to access real-time market data improves the trading process by providing traders with an insight into the market through Level I, Level II, and full depth of ECN order books. Market Data is also used in a new Interactive Montage functionality that simplifies and speeds up the trading process.
The implementation of a global security master table brings MarketCenter to a new level among the truly global order management systems. This invaluable tool for global trading desks provides a global cross-reference of major International Security Identifiers, improving cross-border communications and speeding global trading, clearing and settlement by resolving securities numbering problems.
MarketCenter is an integral part of Tradeware's unique GlobalX(TM) business solution that enables brokers-dealers to conduct cross-border trading with the same efficiencies as local trading. GlobalX provides participating broker-dealers and their institutional clients with fast and reliable access to 58 equity markets worldwide, delivering equity orders to their international destination at minimal cost and maximum efficiency, including transaction matching, fulfillment of local regulatory requirements, and full audit trails.
About Tradeware Global
Tradeware Global's electronic trading solutions connect market participants to more than 58 marketplaces in more than 40 countries around the world. The Company specializes in flexible Financial Information eXchange (FIX)-based equity order management systems, FIX connectivity solutions and full front-to-back office integration and compliance reporting services. Its open platform provides connectivity for approximately 95 percent of the buy side and all major U.S. listed and OTC marketplaces. Tradeware Global's unique cross-border trading solution, GlobalX(TM), enables market participants to anonymously trade with counter-parties in any regulatory jurisdictions, with the same cost and efficiencies as domestic investors. Founded in 1993, Tradeware Global has offices in New York, Boston, and London.
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